Residential Construction Lending

Receive an overview of the major issues involved in consumer or residential construction lending.

Recorded Monday,
March 6th, 2023
Presented by Richard Hamm
2h total length
$279.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Lending
  • Mortgage Lending
  • Branch Manager
  • Commercial Lender
  • Consumer Lender/Retail Banker
  • Credit Analyst
  • Customer Service Representative
  • Loan Closer
  • Loan Operations Manager/Specialist
  • Mortgage Lender
  • Private Banker
  • Senior Management
  • Small Business Lender

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Residential construction lending continues to expand slowly, along with the economy, with remodeling maintaining a large share of projects. This program provides an overview of the major issues involved in consumer or residential construction lending, primarily to individuals having a home built or remodeled.

What You'll Learn

  • Construction risk and how is it mitigated
  • What is the type of project?
  • Full construction vs. repair/remodel
  • Owner as borrower, hires a builder
  • Builder/speculative
  • Due diligence needed, beyond a conventional mortgage application and underwriting
  • Construction contract and cost estimate issues (Description of Materials form)
  • Contractor credentials and qualifications
  • Plans and drawings
  • Survey
  • Title insurance
  • Appraisal issues
  • Loan pricing and structuring
  • Typical interest rate and fees
  • Construction loan agreements
  • Issues with draws and inspections, including cost over-runs and lien priority
  • How is the construction loan going to end (get repaid)

Who Should Attend

Consumer lenders, mortgage bankers, private bankers, small business lenders, commercial lenders, credit analysts, loan review specialists, special assets officers, lending managers, and credit officers involved in the consumer lending process. Also intended for support personnel involved in the administration of residential construction loans.

Richard Hamm

Instructor Bio

Richard Hamm has been training bankers for 28 years, designing and delivering courses specializing in commercial lending and credit, including portfolio and risk management, commercial real estate (CRE) and appraisals, plus selling and negotiating skills, and director training. He also conducts eight senior lender forums on a periodic basis in multiple states and one series at the national level.

He is based in Huntsville, AL and has owned/operated Advantage Consulting & Training for 14 years, after a 22-year banking career including senior positions in lending and credit, plus president of a community bank through formation and acquisition of an existing bank. He has BS and MBA degrees from the University of Alabama.